Call reports 2003
SOMERSET TRUST COMPANY — 2003
What SOMERSET TRUST COMPANY reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 382,956,000 | 396,175,000 | 401,519,000 | 400,804,000 |
| Total loans | 249,084,000 | 247,281,000 | 249,381,000 | 237,412,000 |
| Allowance for loan losses | 4,843,000 | 4,891,000 | 4,888,000 | 5,189,000 |
| Securities available for sale | 88,772,000 | 112,875,000 | 115,694,000 | 113,410,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 289,232,000 | 295,053,000 | 300,569,000 | 305,774,000 |
| Interest-bearing deposits | 239,170,000 | 241,028,000 | 245,081,000 | 246,133,000 |
| Noninterest-bearing deposits | 50,062,000 | 54,025,000 | 55,488,000 | 59,641,000 |
| Equity capital | 33,007,000 | 34,099,000 | 32,906,000 | 33,605,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 5,410,000 | 10,840,000 | 16,119,000 | 21,425,000 |
| Interest expense | 2,329,000 | 4,637,000 | 6,874,000 | 9,021,000 |
| Net interest income | 3,081,000 | 6,203,000 | 9,245,000 | 12,404,000 |
| Noninterest income | 1,434,000 | 2,840,000 | 4,214,000 | 5,548,000 |
| Noninterest expense | 3,567,000 | 7,054,000 | 10,659,000 | 14,025,000 |
| Provision for loan losses | 105,000 | 225,000 | 461,000 | 861,000 |
| Pretax income | 856,000 | 1,777,000 | 2,677,000 | 3,580,000 |
| Income tax | 159,000 | 344,000 | 521,000 | 456,000 |
| Net income | 697,000 | 1,433,000 | 2,156,000 | 3,124,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,499,000 | 31,988,000 | 32,466,000 | 33,189,000 |
| Total capital | 34,718,000 | 35,222,000 | 35,754,000 | 36,374,000 |
| Risk-weighted assets | 255,859,000 | 257,082,000 | 261,470,000 | 252,764,000 |
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